Banks issued $19.8 billion of debt and equity in the second quarter, virtually unchanged from the previous quarter, despite an 18% plunge in total corporate issuance.

Though bank issuance of fixed-rate debt and equity plummeted, floating-rate debt swelled 88% to $12.8 billion, or more than two-thirds of all bank debt issued in the quarter, according to Securities Data Co.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.